________ Is a Social Responsibility Theory of Business Which Says

question 80

Multiple Choice

________ is a social responsibility theory of business which says that a corporation must consider the effects its actions have on persons other than its shareholders.

• A) Corporate citizenship
• B) Maximizing profits
• C) Moral minimum
• D) Stakeholder interest

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Definitions:

Consolidated Statement

A financial statement that aggregates the financial positions of a parent company and its subsidiaries.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting the asset's consumption, wear, and tear over time.

Straight-Line Method

A method of calculating the depreciation of an asset that allocates an equal amount of depreciation each year over the asset's useful life.

Book Value

The value of an asset as it appears on a company's balance sheet, calculated as the cost of the asset minus accumulated depreciation or impairment.